Global markets were strangely high on Tuesday morning despite it being a fragmented trading week and a somewhat subdued market. Futures (large caps, small caps, mid caps, techs and blue chips) are also up across the board…
Why is that?
I believe the markets are trying to rally ahead of the Joe Biden inauguration that’s going to happen tomorrow.
Investors are hoping his transition into presidency will bring more money for another stimulus check, more aid during the pandemic and more support for the economy.
Biden’s nominee for treasury secretary — former Federal Reserve Chair Janet Yellen — is already urging congress to take swifter, more aggressive measures to fight the recession and avoid further downturn in the market.
And folks, if you think this is the worst of the pandemic then I’ve got some bad news for you…
Here’s how I’m expecting things to play out.
In today’s video, I’ll also explain the biggest report influencing the overall market… the impact Janet Yellen will have on interest rates… which sector is breaking out… and the top three stocks to watch in the financial sector.